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seek
I like MAXM $200.00 05/11 they are on the ask..
IMHO..I could be persuaded to let some go at that level(and on the way up).
Baz
EHP:
The best part of this article(if we believe them)is,that they leaning/ heading for phase 2.....
Baz
Thank you Plumo
Based on these results, Sinopec and ERHC will negotiate Phase 2 work commitments to determine the next steps for the exploration program in the JDZ. ERHC occupies a niche position in terms of its non-operated West African offshore leases and the company remains positive about the long-term prospectivity of the JDZ. Sinopec, following its acquisition of Addax Petroleum in 2009, operates three of the four JDZ blocks with ERHC, and maintains a working interest in a fourth JDZ block, operated by Total. Total
Ponzi
It's good to see you are accumulating at this price,as IMHO most of your shares are somewhat above .13(like most here).I am also working on averaging down when I can.
REGARDS
B.
SM: depends how you see this.I didn't think drilling water was counted.
Baz
Good luck
http://www.erhc.com/jdz/
better reread says METERS of water.
good luck
Baz
TOB
I guess that is the obvious vision from hindsight.
When things were going down..IE: investigations, Walter went walking we had just juggled through very serious times with Partners walking and being replaced.We as investors knew that this was/is an ultimate risk/reward play and has been from My first days in.Look, as shareholders,we have been done a disservice from our own USA company,and, PN refers to all the advantages of being a US company as a plus.We hadn't had clean books for the longest time and all we got is be patient.I guess there are too many skeletons in our closets and so we can't get an AIM listing as it looks like ..things just dont add up....for the CPR report.This is not our fault as shareholders as we can't get the straight goods to make informed descisions on.OH I forgot ...we have to screw up the books and then don't have anual general meetings every year...and then applaud US for our support!.The stigma(stench) from this company and their management can be smelled from afar.I ask why?...You seem to blame the shareholders .I bought and know the risks...I was hoping OUR risks would eventually stop eminating from our own TEAM of Keystone Cops.
I can only hope things improve,as,I am playing this region with other small players as well(as well as Khurdistan).This is my choice...I think I would be happy to own TOTAL shares in the future if that is possible through stock swap/takeover.
Happy investing or trading to you.
Baz....AMO
TOB
While you can state your opinion on PN's achievements/failures(depending on from whose eyes you are looking at this),one can only wonder why PN is now talking about OUR past as being IN PERIL. While most of these matters were happening,WE, as shareholders, were being given the old song and dance that ...our legal team was working on our behalf and that we continue to defend our innocence.Our ERHC family updates were not stating that the company was in Perril until the obligatory RISK mumbo jumbo We Seek Safe Harbor jibber jab. If we truly were in Peril this should have been in the MEAT of the updates,not the disclaimer part near the bottom.
This is our beef with Management and YOUR golden boy PN.
I just wish they could talk straight to Shareholders.
Baz
Still Holding/buying ...10+ yrs
OOPS...this was for TOB sorry Ray
Krom
Look around Total's global Projects....ToTal is being helped partnering financialy by china(in many projects)....I don't follow the not being a friend part as Total seems to be breast feeding off China.
Baz
http://www.cn.total.com/activities/exploration_production.ip?locale=en
its all manipulation either covert,overt or by market order.
dbernet
Maybe the JDA is the one pushing to renegotiate the contract as they want more than just 1 well per block in the next phase.
They now see what fast tracking looks like...now they want the bullet train model...JMO..(this is if they hold any power,meaning the results need to be positive in this scenario).
BAZ
So far
good luck and I hope we see more sincere posters here that want a break from the madness.
Baz
I guess it happens although I suspect that the bashers are paid by the bulletin boards..like raging bull or stockhouse...both sites have no moderation ....wild wild west.
I took the opportunity to add shares @ .27 with Longford but still hold lots of Vast.I rotate a noncore amount with LFD VST SSN ...the Forbes Manhatten group seems to know how to make coinage.I have also put LFD and SSN in my tsfa(Canada here) so far and will rotate a noncore position there as well.
Lets hope Vast has good results and before Tax deadline.(I have a need for cash for taxes...yuk)
I dont mind being lonely here which is better than having a crowd of good 40s.
All the best to you JFD44.
Manny AKA BAZ
hello people...I am an I HUB user and NOT GOOD FOR NOTHING....lol
Stock House is rediculous as was and is Raging Bull.The fact that StockHouse allows the Spammers to post crap...is indicitive of their attitude towards honest posters who genuinely want to discuss their stocks.IMHO G40 is paid by Stockhouse to post up crap ...so....there will always be action on their boards .Also they like the confusion as it promotes more posting of Garbage and limits decent conversations,debate and opinions whether they are positive or negative.We as stock supporters and investors don't want just sugar coating OR sour milk.Open discourse is what we all need to get the REAL goods on our investments.Thankyou for opening up this board.
JMHO
Go VST,
Manuel06- AKA Bazilfawlty from stockhouse.
stocks
nothing new except that ..PN..has hinted that there was time needed to secure rigs and that was part of the delay to March 2011.
This could be significant/or not,but,if there are annoucements comming then rigs might be part of them.
I still believe that there is action going on behind the scenes,especially with ToTal.
They need to drill another well in block 1 soon and if there is a straddle of sorts between blocks 1 & 2 then with good results from Total's well ..block 1,expansion to block 2 would be in order.
This might be a few years away,but, ALL this DOESN'T need US to be around..then there is the EEZ??
Baz
yes we are still associated with Anadarko in block 3..according ton this regergitated article.
thanks king
Try:
IMHO..we ALL know that ERHC's hands are tie...actually we are HOG-TIED and muffled .The AIM listing is contingent of the NEW resource estimate being released by SNP and circulated to stake holders in our blocks.IMHO the new resource estimate is also being held back from Netherland Sewell(sp?) and they cant complete the report which hasnhung up our AIM listing.
We are Shanghied at every turn ...SO...lets understand that if ERHC is all HOG-TIED, then the info the common shareholder will get is NADA as is ERHC's info.
I say that untill drilling results are released we will not get NSAI or AIM listing.
All IMHO.
It's not easy to sit and chill ...after 10 yrs and still here ...I'm learning...lol
Baz
redwing:IMHO
Unless the news is going to be a chain reaction of events (SOON) which would (MAYBE) raise the SP enough by the time ERHE needs to cough up coinage for a deal.
I am completely and most likely exagerating events to come..BUT..
it could happen
Baz
Sideeki:
I dont`t have private messaging sorry
Great strategy with THIS stock....did it sustain the penny rally?
I couldn't tell....LOL
Hope you were just kidding!
regards -Baz
Save that buy to paint the tape and keep us going up.
Love that strategy...LOL
Bazil
sneak
more like -- All us in wonderland!
gltua
Baz
Middy:
I'm on your side as far as grievances with management goes and,yes your list is long and possibly longer...I think we all get what you are saying whether we agree or not....I'm sure that management can't even bring issue up against these complaints as it SEEMS by all info we have that you are more right than wrong.
I would certainly appreciate the effort you expend here on this matter,by hearing other avenues we as shareholders might take to lobby for better info.DK has no info for us and is a waste of energy as Krom has finally found out(props to Krom...and J.E "the doctor" for their tenacity).
BIOGENIC GAS!!! thats it?
I have wagered a fair sum on this area ....made out very good with Addax...and all that is left is the sale of ERHC energy.
We are redundant as a USA company in the land of guerilla ....covert deals that are possibly swirling.
I dont know why but most USA OIL doesnt want to get involved with EITHER...ERHC or STP....the corruption meter is high on both sides there.
WE are a buy-out sometime ...IMHO..there is no doubt.
SEO and POLITICOS(friends and family) have fought for this PIG and when their price is met after some proof of value ....next stop will be Vegas!!!....after 10 yrs here I am ready ...LOL...to break the house.
Baz--hoping it's not my house.
Cheers, Midtier
DG:
Appreciated...good reasoning for discussion.
Unless ERHC still has any pull in the region,then what use are they.SEO made sound deals when it counted.We are reminded that SEO is not as involved anymore with us, as was STATED by himself(most here remember reading this article).He stated he is chasing new ideas and new benificial deals FOR HIS empire.
If we can assume that SEO has left the control room as far as the running of ERHC,though his grip is still tight for the DEAL this might possibly explain why we are not NEEDED AT ALL any more in the region.
Then STP`s GNAT that blighted their history,so they proclaim,can be with extreme desire swatted away.
OR is there so much going on behind the scenes that we are becomming a real oil company..LOL
BAZ...holding till sale I reckon.Just an opinion
GLTUA....and this non-result period...If you were buying something...would you want that asset to appreciate before or after sale!!!
DG
If the same companies are part owners of blocks 1-4, it makes the consortium contractualy more simplified for all parties especially the operator.Then the other scenario is to juggle several different partners across 4 blocks and will be more complicated and not as efficient for the operator,who usually calls the shots and has more a financial burden up front.
3 or 4 IOC's would be sweet across all blocks.
Are we being set up for another APRIL FOOLS announcement?
sure hope not....but hey Me and Ponzi,Mongo, have been here about the same time,maybe it's me who hasn't been able to see the truth all this time...LOL
Still here...and not connected to that lovable UNO/DUO
hate to say it but ...can't wait to share a CHEERS! with UMBRA etal come April.
BAZ
Mid
Agree..see post 234962..was edited
Good luck to us all
Krom
I think you realize TOTAL and Petrobas dont have "free" carries...LOL
Baz
to Middy...
edit....yes I know carries arent free....(but if you had money in the bank and had a carry then all your non spending and interest gained is free from the expense of non-carried interest and allows a company to either use monies on other games or get "free"
benifit of time to accumulate interest on said monies ....(unless of course you are ERHE and dont put your monies in interest bearing accounts)...LOL
SSC: good point
Dont forget that ERHE has the EEZ as another game plan (so far)...and one would hope that if this was to occur "MANAGEMENT" would chose a non Chinese company to partner with therein.
Survival is key....so another free carry would need to be negotiated in EEZ even if we give up a tad too much
Baz
Krom:
Is the 5 bil. up front costs to TOTAL...don't the other players there have to ante up as per TOTAL's demand for payment?
Kownski I think I hear you
baz
Plumo...
its a % of cost oil..IMHO (80%) comes to mind.
The same kind of %'s for profit oil.....up to 80%....this is from memory of reading the PRs.
It's a % of both cost and profit oils...ERHE will be collecting a% of both in their coffers be it whatever the %'s detemined.
Im too busy to look it up...hope this helps in a small way.
Regards---Baz
edit----thanks Snayeman
TOTAL
... CEO Christofe de Margerie speaks ..interesting
http://www.theglobeandmail.com/globe-investor/totals-high-friends-in-low-places/article1884921/
Dr.J
IMHO...the obvious answer to all this is.....very close business partners, ie: China and TOTAL.
If there is any company that can find oil under these conditions it IS TOTAL...this my friends has been proven...TOTAL takes chances...they like taking on similar projects with (possibly the toughest govt's to deal with the most corrupt countries and under very tough conditions physically and contractualy..IMHO.
The Appearance of TOTAL is a good thing for us...but, I think SNP and ToTAL had this planned out all along after dealings with Akpo for several years and seeing the success of an extremely difficult Hydrocarbon bearing geology.Whatever successes they have achieved in Akpo, would only bolster their confidence as the Geology is similar..see Kownski's posts of analyzing..and comparing the sands and porosities there within.
The chink in the armour is time...,AKPO was a 10 yr project and we are only on year 2 of(wildcat) exploration.First they have to find the sweet spots, (and I hope there are many) before they can quantify with any degree of certainty of ther being commercial grade hydrocarbons.This will take more years of exploration and appraisal.
Total liked what they saw in Block 1....remember the straddle and Chevrons hurry to discuss the possible unitization of Block 1 and 2? IMHO TOTAL will enter BLOCK 2 in time and so on.
TOTAL will make lots of OIL and Gas/condensate for China to ship home as well as CEO of TOTAL has said there is no oil in France and so they have to bring either the Cash home for oil or ship it home as well.
Let us all bend our heads and Pray.....LOL
Baz---took a lickin,but,still here tickin.
ASIDE..seems we all have more time to kill here so 10%..of your shares of ERHE might be wise to trade (when it looks like a good trade) is good advice...I am Heading this while I wait on the Prize.IMHO the prize might look better from a lower average cost....or strive to work for free shares riding...
Baz...the rookie trader emerges...LOL
Dr.J
time to sequester...or Shanghai...our beloved...JOE SHEA...LOL
good work Dr.J
take it to the Hole!
Baz
P(F)onzi
HEYYYYYY!
On 1 hand you are using the SEO card and fumble...lol...at the heathrow airport....with a suitecase full and not allowed back in UK.
On the other hand are you saying that you wouldn't be surprised if SEO takes control of an AIM listed company without future scrutiny,if allowed at all by the UK?
IMHO we have worn out ourselves as an entity and are just waiting for all ducks to line up so we can be removed from the scene,as we are a detriment to ourselves when it comes to AIM listing and other negatives that exist..as you & Mongo have been listing these filings for a decade between here and the OLDE RB board.
It all boils down to what SEO's exit figure is that allows him huge profit and easy exit for ERHC.
I for 1 wish him enormous luck with his investment and the sooner the better.
I know there is a case for becoming an oil company.....that falls on these deaf ears.
good luck to all here....and Ponzi too...
Baz
yes,and the accounting and legal service we pay for is giving this advice and blessing?.....ya right!
I'm glad we are under SEC guidelines
Baz - long till and reevaluate after drilling results or phase 11 announcements.
HDY has a positive perception of outlook and strong management...that positive market momentum is what is advancing HDY.You are looking from the rear view mirror trying to figure out the chart...but it is the past hindsight...a snapshot of what the market sentiment was at that point.
IMHO we cannot artificially change sentiment or lasting momentum,when we have shareholder disdain or worse...and lack of oil profesionals managing this 3 legged pig we call ERHC hobbling and grunting around.
Till there is respect for actions related to ERHC business,both from existing shareholders or the market,what ever gains we have one day we give back in response. You have to have a TRUSTED COMPANY AND PLANS....confidence from the market etc.....LIKE HDY has,which reflects in higher highs and higher lows...not just trying to be the first and last trades of the day for support....
Baz
We still have the Shady shadows "stigma" upon us as a result from the SEC etc. regulators upon us and our record of transperancy...go figure!
Long till news anyhow!!...LOL
whose turn is it today to by at the high or higher than ask?step up...be a hero for a few hours if you can make that trade!
oops too late oh well there is always tomorrow.
this is just absurd...EOM
High
I get it....but what if only the traders wanting in lower are buying and the price goes down...you act like this doesnt control the day....but with little Volume the traders(MMs) are in control
and most want to buy low ...we arent talking about selling at the close...LOL
So you are always gonna be trumped by the MMs....that's what I get MORE!....and they control the transactions and the close...IMHO....especialy with below average volume.
Red...thank you..eom
Highcotton:
Traders might see it that way a tad...but long investors cant justify buying every day at all closes that you say must have to happen...cause just 1 misse3d day could plummet the stock and be 5 steps back.....I think most of us here have bought all we want/can afford.
Baz
good luck to you....last post on this but thanks for the discussion...we each see it a different way....cheers
highcotton:
what if the last ask of the day is either day low or lower than the days high,and thats all you can get ....does this follow in your plan?
just curious as I dont see how it can possibly work when we are on OTC (liscence to steal " OTHER TRADERS CASH "
good luck to you as well
Baz